Study on Planning Sustainable Partnerships for Entrepreneurial Ventures in Professional Service Firms (PSFs)
This paper begins with a thorough examination of the entrepreneurship literature, covering everything from how to define it to its macroeconomic impact and the various stages of entrepreneurial start-ups. The literature delves deeper into the resources needed to make such ventures a success, as well as the numerous agency issues that may arise between the entrepreneur and other financial backers. The article examines the interaction patterns between two examples of new ventures in professional service firms (PSFs). entrepreneur and other financial investors, describing potential real-life challenges and how to overcome them One of the case studies had the good fortune to successfully resolve such a relationship, resulting in the satisfaction of all stakeholders and the development of a long-term entrepreneurial venture, whereas the other case study encountered similar issues, eventually leading to bankruptcy. Entrepreneurship, entrepreneur, case studies, professional service firms, sweat equity, shadow equity, resources, conflict of interest, financial investors, MENA region.
Author (s) Details
IE Business School, Madrid, Spainand INSEAD Business School, France and The American University in Cairo, Egypt.
Luis J. Sanz
University of Pennsylvania, USA and INCAE Business School, Costa Rica
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